Inflationary Mechanics
Last updated
Last updated
There will be airdrops as an incentive to hold a Solminator NFT. 2% of total tokens are allocated to be rewarded at random times to NFT holders. There is no specific time frame decided in advance. It will be decided by the team according to the market listings and conditions. It is projected to be released in 4 chunks for each quarter starting in Q2 2022 as described in the below chart.
| Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | ||
|---|---|---|---|---|---|
Token Surplus will be used to inject into the Staking Rewards Needs for Secondary Collection to be released Q4 2022 which will be modelled to fit the outstanding supply. In order to be eligible to receive an airdrop each wallet should hold OR Stake more at least 2 Solminator NFTs.
Solminator NFT holders will be able to stake their NFTs on our staking platform to earn daily rewards. Total daily amount of allocated staking rewards for each year is designed as below. NFT holders will be able claim their rewards once every 24 hours. There is no prerequisite to earn staking rewards, as long as a wallet owns a Solminator NFT, the owner can stake the Solminator at our platform.
Staking rewards will be allocated yearly with a decreasing inflation rate. Allocated staking rewards as described below:
| Year # | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
Above mentioned staking rewards will be allocated for 3 different NFTs with different Levels. In order to convince NFT holders to hold higher level NFTs, we have different daily rewards for each NFT type. Also, we have always model 3 cases to model staking emissions:
High Staking : At any given time 85% of the total NFTs are staked.
Average Staking : At any given time 65% of the total NFTs are staked.
Low Staking : Average Staking : At any given time 55% of the total NFTs are staked.
When we apply the above scenarios into our daily rewarding model, we are getting an optimal number of yearly staking rewards that will be released into the circulation. We also take into consideration the multiplier effect for investors who are staking more than 1 NFT per level. Below there is a sample for Year #1 rewards table.
Besides predefined daily rewards, we also have a multiplier based on the number of the same level NFTs held by each wallet.
If an investor holds 1 NFT per level; daily rewards will be multiply by 1.0 (No multiplier effect)
If an investor holds 2 NFT per level; daily rewards will be multiply by 1.2
If an investor holds 3 NFT per level; daily rewards will be multiply by 1.4
Staking more than 3 NFT will increase the daily earning multiplier.
Our goal here is to make the rewards decrease as time passes, we are aiming 2 things:
To rewards our early comers
Keep the rewards stable while we are increasing the price value of our governance token.
Below you can find staking rewards in a yearly distributed way.
$ENX token will be earned by playing our game. Once they are earned, they will be claimed to your wallet. In Phase 1, there will be only one game mode which is called, Battle for more info read GDD The Equinox here.
| Year # | Daily Reward | High Staking % | Avg Staking % | Low Staking % |
|---|---|---|---|---|
| Year #1 | Year #2 | Year #3 | Year #4 | Year #5 | |
|---|---|---|---|---|---|
Eligible Tokens
500,000
500,000
500,000
500,000
Airdrop Per/NFT
150
150
150
150
Estimated Eligible Wallets
1,500
1,500
1,500
1,500
Estimated Circulated
450,000
450,000
450,000
450,000
Token Surplus
50,000
50,000
50,000
50,000
200,000
Coef.
30.00
20.00
10.00
6.00
4.00
Emission
51,428,571
34,285,714
17,142,857
10,285,714
6,857,143
% of Segment
42.86%
28.57%
14.29%
8.57%
5.71%
% of Total Allocation
25.71%
17.14%
8.57%
5.14%
3.43%
Level 1 Solminator
10
8,959,104
6,719,328
5,599,440
Level 2 Solminator
20
17,918,208
13,438,656
11,198,880
Level 3 Solminator
40
35,836,41
26,877,312
22,397,760
Total Staking Rewards Year 1
62,713,728
47,035,296
39,196,080
Projected Staking Rewards Year 1
49,648,368
Token Surplus*
1,780,203
Level 1 - Daily Rewards
10
7
4
2
1
Level 2 - Daily Rewards
20
14
7
4
2
Level 3 - Daily Rewards
40
28
15
6
3
Projected Staking Rewards Year 1
49,648,368
34,753,858
18,440,822
4,255,574
9,929,674
Token Surplus*
1,780,203
1,312,060
14,095
2,971,704
2,971,704
